readCrypto

In order to turn into a short-term uptrend...

readCrypto Mod Updated   
BINANCE:BTCUSDT.P   Bitcoin / TetherUS PERPETUAL CONTRACT
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(USDT 1D chart)
We need to see if the gap can rise above 66.442B.

(USDC 1D chart)
We need to see if the gap can rise above 44.807B.

The rise in the gap between USDT and USDC is considered to be a sign of new funds entering the coin market.


(BTC.D 1D chart)
An increase in BTC dominance means that funds will be concentrated towards BTC.

We need to see if it can rise above 42.72.


(USDT.D 1D chart)
An increase in USDT dominance means that the coin market is likely to decline.

We need to see if it can drop below 8.11.

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(BTCUSDTPERP 1D Chart)
In order to turn into a short-term uptrend, the key is whether the price can maintain the price by rising above 16730.0 and above MS-Signal.

If not, you should check if it is supported in 16422.6-16580.6.


We need to see if StochRSI can break out of the oversold zone and continue its uptrend.


The next period of volatility is around January 6th.


It's an important move to overcome going forward.

To continue the new trend, we need to keep the price above 16422.6.

It needs to rise above 17108.7 to continue the short-term uptrend.

In order to turn into a mid- to long-term uptrend, it must rise above 17864.7.

To create a new trend change, it needs to break out of the downtrend line (1).



(1h chart)
If the price is maintained below the M-Signal line of the 1D chart and below 17108.7, the main position is 'SHORT'.

Therefore, a quick response is required when entering a 'LONG' position.


It is recommended to proceed with the trade when it breaks out of the 16730.0-16801.2 range.

However, when trading out of the 16730.0-16801.2 range, it is recommended to enter positions at 'S2' and 'L2' if possible, as a quick response is required when trading.

As such, there are currently no positions available to enter.

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- big picture
I think you need to be supported in the 13K-15K section to get the power to rise.

Therefore, whether it is rising or falling from its current position, a short-term response is required.

A full-fledged uptrend is expected to start when it rises above 29K.

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** All descriptions are for reference only and do not guarantee profit or loss in investment.

** If you share this chart, you can use the indicators normally.

** The MRHAB-T indicator includes indicators that indicate points of support and resistance.

** SR_R_C indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor).
** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100).

(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)

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Comment:

The position that entered 'LONG' near 'L2' is in hold.

The principle of closing a transaction
1. In principle, when the M-Signal of the 1D chart is touched
2. When it falls below 5EMA on the 1D chart
3. When you touch the target point
4. When the entry price is touched

If possible, we recommend adhering to #1 of the rules for closing trades.


I aggressively entered 'LONG' around 16491.9-16531.4 and added an additional entry around 'L2'.

And, the 1st selling around 16613.5, and the 2nd selling around 16730.0-16801.2.

Therefore, the end of the transaction is
1. When touching the vicinity of 17108.7
2. When the entry price is touched
I plan to proceed as above.


Currently, only the 'LONG' position is entered, so when it touches 'S2' or higher and falls, we plan to enter 'SHORT'.
1st sale: 16730.0-16801.2
2nd: 16491.9-16531.4
Trade End: 16422.6

[Example of exchange chart setup]

(Binance)
www.tradingview.com/x/S94aDxa8

(Upbit)
www.tradingview.com/x/DF6cGh3G/
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